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Question 3: You have the following information related to Sbitany company: Accounts titles Trial Balance (Before adjustments) Al March 31 90,000 Trial Balance (Alter adjustments)
Question 3: You have the following information related to Sbitany company: Accounts titles Trial Balance (Before adjustments) Al March 31 90,000 Trial Balance (Alter adjustments) At march 31 7 18.500 18.800 D 15.000 Cash Supplies Account recevwbies Prepaid insurance Equiment Acourated depreciation equipment Account payable Salaries and wages payable Intre payable Une med service revenues Shoreclodiny Retained earnings Service revenue Rent revenues supplies per Inice expense Depreciation expense Ini pe 14,400 7.000 21,200 7 7,000 16.000 7,700 9,000 44.300 103.000 12.000 1000 44,300 N 17.500 1000 0 0 . 14.000 209,200 1,000 2 1 1.100 200.000 23.100 23.100 Required: Find the missing amount if you know that: Sbitany prepares Monthly financial statements. Each month the company uses one third of its supplies beginning balance. (Note that the company had purchased $500 of supplies during March) .. The book value of equipment that appeared on March 31 balance sheet equals $40,000. (note that this equipment was purchased on 1. Jan 2020 and depreciates equally each month) .- 30% of increase in service revenue in adjusted trial balance resulted frorn accrued revenues. Question 3: You have the following information related to Sbitany company: Accounts titles Trial Balance (Before adjustments) Al March 31 90,000 Trial Balance (Alter adjustments) At march 31 7 18.500 18.800 D 15.000 Cash Supplies Account recevwbies Prepaid insurance Equiment Acourated depreciation equipment Account payable Salaries and wages payable Intre payable Une med service revenues Shoreclodiny Retained earnings Service revenue Rent revenues supplies per Inice expense Depreciation expense Ini pe 14,400 7.000 21,200 7 7,000 16.000 7,700 9,000 44.300 103.000 12.000 1000 44,300 N 17.500 1000 0 0 . 14.000 209,200 1,000 2 1 1.100 200.000 23.100 23.100 Required: Find the missing amount if you know that: Sbitany prepares Monthly financial statements. Each month the company uses one third of its supplies beginning balance. (Note that the company had purchased $500 of supplies during March) .. The book value of equipment that appeared on March 31 balance sheet equals $40,000. (note that this equipment was purchased on 1. Jan 2020 and depreciates equally each month) .- 30% of increase in service revenue in adjusted trial balance resulted frorn accrued revenues
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